Which returned more over the last year, IYR or SHY?

In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and SHY +1.6%.

Which is cheaper, IYR or SHY?

SHY is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

IYR vs SHY: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYR returned +3.4% to SHY's +1.6%; 0% of their weight is in the same names.

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Net assets: $3.9bn on Oct 28, 2026 for iShares U.S. Real Estate ETF, and $27.4bn on Oct 27, 2026 for iShares 1-3 Year Treasury Bond ETF.

IYR on its own →SHY on its own →

At a glance

+3.4%

IYR total return, 1 year

+1.6%

SHY total return, 1 year

0.37%

IYR expense ratio

0.15%

SHY expense ratio

Pair scorecard

SHY costs 0.22 points a year less; their one-year returns differ by 1.8 points; SHY is 6.8 times larger.

IYR vs SHY: Differences, Returns & Fees
Measure	IYR	SHY
Return
Measure	IYR	SHY
Total return, 1 year	+3.4%	+1.6%
Drawdown
Measure	IYR	SHY
Below its high	8.6%, high on Jul 28, 2026
Benchmark
Measure	IYR	SHY
What it tracks	Dow Jones U.S. Real Estate Capped Index	ICE U.S. Treasury 1-3 Year Bond Index
Cost and size
Measure	IYR	SHY
Expense ratio	0.37%	0.15%
Net assets, as of Oct 26, 2026	$4.0bn	$27.3bn
Holdings
Measure	IYR	SHY
Holdings in common	0%
In the S&P 500, by weight	80%
Top ten holdings, share of the fund	52.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, IYR and SHY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IYR SHY

Only in one fund ↓

Only in IYR

WELLTOWER 9.85%

PROLOGIS REIT 8.77%

AMERICAN TOWER REIT 4.96%

SIMON PROPERTY GROUP REIT INC 4.71%

EQUINIX REIT 4.57%

DIGITAL REALTY TRUST REIT 4.54%

REALTY INCOME REIT 4.19%

PUBLIC STORAGE REIT 4.10%

Only in SHY

TREASURY NOTE 2.11%

TREASURY NOTE 1.99%

TREASURY NOTE 1.83%

TREASURY NOTE 1.73%

TREASURY NOTE 1.62%

TREASURY NOTE 1.54%

TREASURY NOTE 1.51%

TREASURY NOTE 1.49%

Check overlap with more funds →

Side by side

IYR iShares U.S. Real Estate ETF SHY iShares 1-3 Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of U.S. Real Estate Tracks an index of 1-3 Year Treasury Bond

Total return, 1 year +3.4% +1.6%

Its benchmark over the same days not measured +1.7% (BBSB)

Gap to its benchmark not measured −0.1 pts vs BBSB

Expense ratio 0.37% 0.15%

Holdings 59 90

Net assets, IYR as of Oct 28, 2026 and SHY as of Oct 27, 2026 $3.9bn $27.4bn

IYR and SHY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

IYR

IYR tracks an index of U.S. Real Estate. Over the year to Oct 28, 2026 it returned +3.4% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 52.5%. It sat 8.6% below its high of Jul 28, 2026 on Oct 28, 2026.

SHY

SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, IYR or SHY?: In the year to Oct 28, 2026, with distributions reinvested, IYR returned +3.4% and SHY +1.6%.
Which is cheaper, IYR or SHY?: SHY is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IYR vs VGSH IEI vs IYR IYR vs USHY IYR vs LQD SHY vs XLRE SCHH vs SHY SHY vs VNQ KRE vs SHY

Where to next

IYR on its own →SHY on its own →Hold both: look the portfolio through →Rankings →IYR dividend history →IYR holdings →SHY dividend history →SHY holdings →Standards and sources →

Sources and dates

IYR and SHY filings on SEC EDGAR ↗

IYR prospectus with the expense ratio (SEC) ↗

iShares page for IYR ↗

SHY prospectus with the expense ratio (SEC) ↗

iShares page for SHY ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, IYR against SHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyr-vs-shy

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.